West African Resources Ltd · ASX:WAF

West African Resources — Investor Presentation (September 2010)

14 slides from West African Resources's investor presentation, Sep 10, 2010

  1. Slide 1: Investor Presentation September 2010

    For personal use only September 2010 Investor Presentation

  2. Slide 2: Disclaimer and JORC Notice

    For personal use only Disclaimer and JORC Notice This presentation has been prepared by West African Resources Limited (‘WAF’ or the ‘Company’). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or in

  3. Slide 3: Board and Senior Management

    For personal use only Board and Senior Management Francis Harper - Chairman Director of Blackwood Capital Limited which manages private equity funds primarily for high net worth clients in Australia and the USA. Blackwood has raised over $500 million for listed mining and other companies within the

  4. Slide 4: Capital Structure

    For personal use only Capital Structure West African Resources Capital Structure April 2010 Total Ordinary Shares on Issue 147.7M Director & Management Options 20c 29.5M Number of shareholders 675 Directors & Management Interest ~40% Top 20 Shareholders 70% Market Capitalisation at $0.28 $41.4M

  5. Slide 5: Burkina Faso Facts

    For personal use only Burkina Faso Facts Politically stable pro-mining government Investment friendly mining code (2003) Expected to be the 4th largest African gold producer by 2011 4 new mines in production in past 2 years, 2 more to commence production in 2010 Production of 750Koz 2010 Under-explo

  6. Slide 6: Burkina Faso Facts

    For personal use only Burkina Faso Facts Majors present: Iamgold, Semafo West African Gold Deposits by Country Successful Aussies present: Ampella, Gryphon Minerals Country % Greenstone Belt +1Moz Gold Deposits Ranked 6th best African country for Ghana 19 110Moz investment** Mali 10 33Moz Source: Re

  7. Slide 7: Boulsa Project - Major Land Position

    For personal use only Boulsa Project - Major Land Position 22 contiguous permits, 100% owned by WAF covering 4750km2 Major country-wide shear-zone (Markoye Fault) Over 150km of greenstone belt Excellent structural setting for gold deposits Along strike from emerging 2.7Moz deposit Extensive artisana

  8. Slide 8: Moktedu-Meguet Trend Targets

    For personal use only Moktedu-Meguet Trend Targets 30km of defined auger anomalies 2009-10 Infill on-going with WAF rigs Over 25 targets Only 3 RC drilled Significant artisanal mining

  9. Slide 9: BSW-Meguet Prospect - Stacked Zones

    For personal use only BSW- Meguet Prospect - Stacked Zones Defined by WAF July 2010 Peak of 2810ppb Au Multiple zones up to 2km strike +100ppb coincident with high grade rock chips 6-8km of cumulative auger anomalies Significant artisanal mining Infill Auger and RAB drilling October 2010 RC Drilling

  10. Slide 10: Meguet Prospect - High Grade Gold

    For personal use only Meguet Prospect - High Grade Gold RC Results (1,300m 2009):- 7m at 2.32g/t Au from 4m 1m at 9.43g/t Au from 15m 7m at 1.55g/t Au from 28m 8m at 2.52g/t Au from 37m 20m at 0.95g/t Au from surface Rock-chips:- 146.1g/t Au, 38.3g/t Au, 26.5g/t Au, 20.26g/t Au, 17.19g/t Au, 8.76g/t

  11. Slide 11: Fatty Prospect - High Grade Gold

    For personal use only Fatty Prospect - High Grade Gold RC Results(1,200m 2009):- 8m at 10.37g/t Au from 56m - Incl. 1m at 58.30g/t Au from 57m 3m at 3.42g/t Au from 8m 6m at 3.14g/t Au from 17m 6m at 2.46g/t Au from 28m 3m at 4.72g/t Au from 26m Rock-chips:- 32.97g/t Au, 14.74g/t Au, 14.44g/t Au, 7.

  12. Slide 12: Regional Targets

    For personal use only Regional Targets Kalamtore:- Active local mining Rock-chips 9.48g/t Au, 2.66g/t Au, 14.08% Cu Boudry-Tanguin:- 54.4g/t & 135.5g/t Au float sampling 66.7g/t, 13.3g/t, 3.23g/t & 2.11g/t in rock-chips Ziga:- 26.54g/t Au in rock- chips 2.26g/t Au over 9.6m in trenching

  13. Slide 13: Work Completed Since IPO

    For personal use only Work Completed Since IPO Increased landholding by 2,750km2 to 4,750km2 Detailed Auger infill at BSW-Meguet - high tenor auger results Detailed RC logging and sampling - high grade gold at Fatmatenga 20,000 line km detailed aeromag survey completed 1st pass regional auger on 800

  14. Slide 14: Aggressive Exploration Program 2010

    For personal use only Aggressive Exploration Program 2010 - 11 +30,000m auger drilling Q2-Q4 +25,000m RAB drilling Q2-Q4 +10,000m RC Drilling Q3(2010) - Q1 (2011) 20,000 line km detailed low-level airborne geophysics Q2 (completed) $2.5M exploration expenditure Y1 Continuous news-flow and results th

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